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Mastering QuickBooks 2020

You're reading from   Mastering QuickBooks 2020 The ultimate guide to bookkeeping and QuickBooks Online

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Product type Paperback
Published in Dec 2019
Publisher Packt
ISBN-13 9781789955101
Length 332 pages
Edition 1st Edition
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Author (1):
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Crystalynn Shelton Crystalynn Shelton
Author Profile Icon Crystalynn Shelton
Crystalynn Shelton
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Table of Contents (19) Chapters Close

Preface 1. Getting Started with QuickBooks Online FREE CHAPTER 2. Company File Setup 3. Migrating to QuickBooks Online 4. Customizing QuickBooks for Your Business 5. Managing Customers, Vendors, Products, and Services 6. Recording Sales Transactions in QuickBooks Online 7. Recording Expenses in QuickBooks Online 8. Managing Downloaded Bank and Credit Card Transactions 9. Report Center Overview 10. Business Overview Reports 11. Customer Sales Reports in QuickBooks Online 12. Vendor and Expenses Reports 13. Managing Payroll in QuickBooks Online 14. Managing 1099 Contractors in QuickBooks Online 15. Closing the Books in QuickBooks Online 16. Handling Special Transactions in QuickBooks Online 17. Shortcuts and Test Drive 18. Other Books You May Enjoy

Choosing your QuickBooks start date

One of the most important decisions you will make is what your QuickBooks start date will be. The start date is based on how much historical information you decide to bring over from your existing accounting software into QuickBooks Online. Let's take a look at a few examples:

  • Example 1: Let's say a web designer decided to start a business in January. The start date in QuickBooks for this brand new business would be January 1.
  • Example 2: Let's assume it's January 2020 and you have decided to bring in data from January 1 through December 31, 2019. Your  QuickBooks start date will be December 31, 2019. That way, all 2019 balances will be as of this date, and transactions dated January 1, 2020, and after will be directly entered into QuickBooks Online.
  • Example 3: Let's take our web designer from the first example...
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